RANE HOLDINGS LTD.
NSE : RANEHOLDINBSE : 505800ISIN
CODE : INE384A01010Industry : Finance - InvestmentHouse
: Rane
BSE1305.1511.95 (+0.92 % )
PREV CLOSE (Rs.) 1293.20
OPEN PRICE (Rs.) 1281.05
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 2194
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE1298.85 13.2 (+1.03 % )
PREV CLOSE(Rs.) 1285.65
OPEN PRICE (Rs.) 1278.10
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 1298.85 (2 )
VOLUME 18270
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 15-May-2024 | Appointment of Director | Inter alia, approved:- 1. Recommended a dividend of Rs.25/- per equity share on 1,42,77,809 equity shares of Rs.10/- each fully paid up, for the financial year 2023-24, subject to approval of members at the ensuing 88^^ AGM of the Company. The dividend, if declared by the shareholders will be paid/dispatched on August 12, 2024 (Monday) to the eligible shareholders 2. based on the recommendations of Nomination & Remuneration Committee, a proposal to appoint Mr. M M Murugappan (DIN: 00170478), as an Independent Director, effective August 02, 2024, for a first term of 5 consecutive years, subject to the approval of the shareholders at the ensuing 88th AGM. 3. based on the recommendations of Nomination & Remuneration Committee, a proposal to re-appoint Mr. Pradip Kumar Bishnoi (DIN: 00732640), as an Independent Director, for a second term commencing from August 02, 2024 to July 01, 2026, subject to the approval of the shareholders at the ensuing 88th AGM. 4. based on the recommendations of Nomination & Remuneration Committee and approval of the Audit Committee, appointment of Mr. J Ananth as Chief Financial Officer (CFO) of the Company effective July 01, 2024 in the place of Mr. MAP Sridhar Kumar, who ceases to be CFO effective closure of business hours on June 30, 2024, pursuant to transfer of services within the Rane Group. |
| 18-Mar-2024 | Rane Holdings informs about press release | <div>Rane Holdings has informed that L Ganesh, Chairman, is retiring as Chairman from the operating entities of Rane Group, effective from close of business hours on March 31, 2024 and he will continue to serve on the Board as a Non-Executive Director in these' entities. He will continue as Chairman and Managing Director of Rane Holdings. Harish Lakshman will take over as Chairman of Rane Group, effective from April 01, 2024, and will continue on the Board of Rane Holdings as Vice-Chairman and Joint Managing Director. A press release being issued in this connection is furnished under Regulation 30 of SEBI LODR as an annexure to this letter (Annexure A).</div><div><br></div><div>The above information is a part of company's filings submitted to BSE.</div><div><br></div> |
| 08-Dec-2023 | Rane Holdings informs about newspaper advertisement | <p style="text-align: justify;">Rane Holdings has informed that it enclosed copies of the notice to shareholders of the Company published on December 08, 2023, in the newspapers, ‘Business Standard' (English) and ‘Hindu Tamizh Thisai' (Regional language) published. The notice to shareholders is in respect of the proposed transfer of equity shares to the Investor Education and Protection Fund Authority (IEPF), in accordance with Rule 6 of the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 and amendments thereof.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p> |
| 10-Nov-2023 | Rane Holdings informs about earnings presentation | <p style="text-align: justify;">With reference to its letter no(s). RHL/SE/051/2023-24 dated October 30, 2023 and RHL/SE/053/2023-24 dated November 07, 2023 intimating Earnings Conference Call scheduled on Friday, November 10, 2023 at 14:00 hours (IST), to discuss the unaudited financial results for the quarter ended September 30, 2023. Rane Holdings has informed that it enclosed a copy of the Earnings presentation proposed to be made thereat, to the analyst and investors. The same is also being made available on the website of the Company, www.ranegroup.com.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p> |
| 05-Aug-2023 | Rane Holdings informs about press release | <div>Rane Holdings has informed that it enclosed copies of the unaudited consolidated financial results fort the quarter ended June 30, 2023 (UFR) published on August 05, 2023, in the newspapers, 'Business Standard' (English) and 'Hindu Tamizh Thisai' (Regional language).</div><div><br></div><div>The above information is a part of company's filings submitted to BSE.</div><div><br></div> |
| 04-Aug-2023 | Rane Holdings informs about outcome of board meeting | <div style="text-align: justify;">Rane Holdings has informed that the BoD have approved the un-audited financial results (standalone & consolidated) of the Company for the quarter ended June 30, 2023 (UFR) as recommended by the audit committee at their respective meeting(s) held today (August 04, 2023). The UFR is enclosed along with the Limited Review Report on both results issued by BSR & Co, LLP, Chartered Accountants, Statutory Auditors. (Regulation 33). The UFR will be uploaded on the website of the company at www.ranegroup.com and stock exchanges at www.bseindia.com and www.nseindia.com (Regulation 46). An 'earnings release' for the above results is also enclosed (Regulation 30). The meeting of the Board commenced at 10:30 hrs (IST) and concluded at 12:09 hrs (IST).</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div><div style="text-align: justify;"><br></div> |
| 28-Jun-2023 | Rane Holdings acquires stake in Rane Engine Valve | <p style="text-align: justify;">Rane Holdings has acquired 1,71,821 equity shares of face value Rs 10 each fully paid up (1.01%) for a consideration of Rs 5 crore (at an issue price of Rs. 291.00 per equity share) in its subsidiary Rane Engine Valve (REVL) on conversion of entire outstanding 1,71,821 warrants out of the 5,15,463 warrants (issued on March 08, 2022) into underlying equity shares. The overall shareholding of the company in REVL stands increased to 42,16,951 shares (58.29%).</p><p style="text-align: justify;">The acquisition of 1,71,821 equity shares arises out of conversion of entire outstanding 1,71,821 warrants out of the 5,15,463 warrants issued on March 08, 2022 by way of preferential offer by REVL to meet its capital expenditure programs for upgradation and modernization of plant and machinery reduction in direct expenses and repayment of loans. </p><p style="text-align: justify;">Rane Holdings is the holding company of the Rane Group.</p><div style="text-align: justify;"><br></div> |
| 01-Jun-2023 | Rane Holdings gets nod to sell entire investment in Rane t4u | <p style="text-align: justify;">Rane Holdings has received an approval for the sale of entire investment in Rane t4u, a subsidiary of the Company, in exchange for allotment of equity shares in eTrans Solutions (eTrans). eTrans is a Kolkatta based company in the business of providing vehicle tracking solutions to major corporate shippers and transporters since 2000. The parties are in the process of negotiation of terms and conditions including execution of relevant agreements and the completion of customary closing conditions. The Board of Directors of the Company at the meeting held on May 31, 2023 has approved the same. </p><p style="text-align: justify;">Rane Holdings is the holding company of the Rane Group.</p><div style="text-align: justify;"><br></div> |
| 01-Jun-2023 | Rane Holdings surges on acquiring additional stake in Rane t4u | <p style="text-align: justify;">Rane Holdings is currently trading at Rs. 963.85, up by 23.85 points or 2.54% from its previous closing of Rs. 940.00 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 949.00 and has touched a high and low of Rs. 979.60 and Rs. 948.20 respectively. So far 337 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1049.00 on 14-Feb-2023 and a 52 week low of Rs. 556.00 on 21-Jun-2022.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 979.60 and Rs. 940.00 respectively. The current market cap of the company is Rs. 1376.17 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 46.57%, while Institutions and Non-Institutions held 2.04% and 51.38% respectively.</p><p style="text-align: justify;">Rane Holdings (RHL) has as on May 29, 2023 acquired additional equity stake in its subsidiary -- Rane t4u (Rt4u) by subscribing to 21,60,432 equity shares of Rs 10 each on rights basis and exercising conversion of 2,78,50,000 Compulsorily Convertible Preference Shares (CCPS) of Rs 10 each held in Rt4u into 2,78,50,000 equity shares of Rs 10 each (in the ratio 1:1).</p><p style="text-align: justify;">Pursuant to the above acquisition of 3,00,10,432 equity shares of Rs 10 each, the aggregate equity shareholding of RHL in Rt4u stands increased to 99.47% (an increase of 2.01% since the previous disclosure).</p><p style="text-align: justify;">Rane Holdings is the holding company of the Rane Group.</p> |
| 31-May-2023 | Rane Holdings acquires additional stake in Rane t4u | <p style="text-align: justify;">Rane Holdings (RHL) has as on May 29, 2023 acquired additional equity stake in its subsidiary -- Rane t4u (Rt4u) by subscribing to 21,60,432 equity shares of Rs 10 each on rights basis and exercising conversion of 2,78,50,000 Compulsorily Convertible Preference Shares (CCPS) of Rs 10 each held in Rt4u into 2,78,50,000 equity shares of Rs 10 each (in the ratio 1:1).</p><p style="text-align: justify;">Pursuant to the above acquisition of 3,00,10,432 equity shares of Rs 10 each, the aggregate equity shareholding of RHL in Rt4u stands increased to 99.47% (an increase of 2.01% since the previous disclosure).</p><p style="text-align: justify;">Rane Holdings is the holding company of the Rane Group.</p> |
